Posted by lzz88 > 2017-12-04 20:56 | Report Abuse

The steel industry consumes around five to seven million British thermal units (MMBtu) of natural gas for each tonne of steel making/rolling activity.
For the average natural gas base tariff revised upwards by RM6.06 per MMBtu, the range of additional cost for 5 to 7 MMBtu is only RM30.3 to RM42.42 per tonne, right?

https://www.thestar.com.my/business/business-news/2017/12/04/gas-price-hike-to-raise-steel-makers-costs-by-rm200m-a-year/

Posted by MrPauper > 2017-12-04 20:57 | Report Abuse

investoo, Electric Arc Furnace does use natural gas apart from electricity in steel manufacturing process. Correct me if i am wrong

Posted by MrPauper > 2017-12-04 20:58 | Report Abuse

In fact, it is the second largest cost component, according to MISIF. So, masteel is not spared

Posted by MrPauper > 2017-12-04 20:59 | Report Abuse

If not mistaken, Annjoo's blast furnace consumes lesser natural gas

Posted by kmohan62 > 2017-12-04 21:05 | Report Abuse

...I think the marginal increase in cost as a result of the hike in natural gas tariff could be easily passed on to the buyers as it is more costly for the users to source their needs for steel and iron from else where...

Posted by lzz88 > 2017-12-04 21:11 | Report Abuse

Yes, I think the hike in natural gas tariff can be easily absorbed by manufacturer or pass to buyers given that the rebar price in Malaysia is still very cheap. There is still rooms to increase the rebar price. Hike in natural gas tariff should not be a problem to rebar manufacturers.

Posted by dudu > 2017-12-04 22:12 | Report Abuse

Follow OTB, add masteel at 1.45, 1.43, 1.42

Posted by cresbinvest > 2017-12-04 23:04 | Report Abuse

Only additional cost of rm26.95 (RM3.85*7mmbtu) per tonne. Should not be a problem for long steel manufacturers..

Posted by Henly > 2017-12-04 23:16 | Report Abuse

natural gas price increase affect most to blast furnace, not Masteel, Masteel using a 80 ton/hour elecric arc furnace. Energy consume mostly electricity, oxygen, heavy fuel oil for reheating furnace.

Posted by deddymines > 2017-12-05 06:25 | Report Abuse

News to push down price as low as it can go. Ringgit appreciating. Construction and metals play coming soon. Good luck.

Posted by deddymines > 2017-12-05 06:26 | Report Abuse

Hold cash. Wait for the big drop and whack

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 06:31 |

Post removed.Why?

Posted by victor9999 > 2017-12-05 09:31 | Report Abuse

sohai

Posted by WaAdaLui > 2017-12-05 09:37 | Report Abuse

Lucky i sold immediate after QR, when price above 1.50

Posted by WaAdaLui > 2017-12-05 09:40 | Report Abuse

1.35 -1.34 must defend lo. If not sure below 1.30

Posted by STC1136 > 2017-12-05 09:41 | Report Abuse

Wow 1.35, sell without thinking, throw everything, great opportunity!!!

Posted by Trader Man > 2017-12-05 09:41 | Report Abuse

as high as 1,6 last friday, now only 1.35. sorry for those not sell

Posted by STC1136 > 2017-12-05 09:42 | Report Abuse

Annjoo, Lion,S/Steel all drop, so Masteel can not runaway also.....

Posted by Dylan Yong Hua Tai > 2017-12-05 09:43 | Report Abuse

1.35....T_T.... crazyrenoma sifu...where are you?

Posted by stncws > 2017-12-05 09:44 | Report Abuse

this stock was recommend to add on when 1.55 by ORANT TALAK BACA OTB

now cheap sales

Posted by STC1136 > 2017-12-05 09:45 | Report Abuse

Today Many people cut loss, margin call....Cruel life

Posted by stncws > 2017-12-05 09:46 | Report Abuse

OTB = ORANG TAKTAHU BACA !!!

Posted by STC1136 > 2017-12-05 09:46 | Report Abuse

Lucky, Masteel got good result, if not now should be 1.15......

Posted by Anti_Barking_Dogs > 2017-12-05 09:46 | Report Abuse

Mr OTB used a brilliant strategy to silence an empty tin ...

Posted by STC1136 > 2017-12-05 09:48 | Report Abuse

S?steel break 2.00 ady....good result also big drop.....

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 09:48 | Report Abuse

Sell

Posted by Ooi Teik Bee > 2017-12-05 09:49 |

Post removed.Why?

Posted by JayC > 2017-12-05 09:59 | Report Abuse

sell off is due to news on increase in gas tariff... all scared but now USD RM 4.05... offset by ringgit strength not taken into account

Posted by STC1136 > 2017-12-05 09:59 | Report Abuse

Mycron i cut loss 0.75, now 0.52, WOW!!...drop another 30%.....

Posted by billy10 > 2017-12-05 10:00 | Report Abuse

luckily i sold mine last week for 1.57. otherwise would be bleeding very bad. from the trend now, it doesnt look like a good stock to own anymore. goodluck guys.

Posted by waihung82 > 2017-12-05 10:00 | Report Abuse

whole market also not good.....how to up like this?

Posted by Roy Cheong > 2017-12-05 10:05 | Report Abuse

While risks remain, the market is so mispricing masteel, creating immense total return potential.

Posted by Tom > 2017-12-05 10:12 | Report Abuse

我的paper gain 在3天内减少了很多。。

Posted by Invest_168 > 2017-12-05 10:13 | Report Abuse

技术面非常的难看了，引来无止尽的套利盘！大家顺势而为。。。我看现在唯一能做的就是等它跌够了，躺在地上，成交量萎缩才抄底买入！

Posted by pilot20 > 2017-12-05 10:14 | Report Abuse

Bought again at 1.32

Posted by Simple man > 2017-12-05 10:15 | Report Abuse

Q buy 1.2

Posted by Ooi Teik Bee > 2017-12-05 10:18 | Report Abuse

The steel bar from Masteel is cheaper than China manufacturers.
Even increase in the price of gas, the increase in price can be passed on to customer.
Masteel can increase the selling price of steel bars.
Market sentiment is very bad, hence this bad news affected the stock price of Masteel.

It is always very difficult to invest in bear market.

Thank you.
Ooi

Posted by Vision48 > 2017-12-05 10:21 | Report Abuse

I still believe this is the technical retracement with foreign selling pressure, it will rebounce soon

Posted by Mohd Fahmi Bin Jaes > 2017-12-05 10:22 | Report Abuse

Sell

Posted by aslm > 2017-12-05 10:29 | Report Abuse

People always can be so easy to sell off good stock. Lets see Masteel pay USD100mil for scrap import, electrode and etc. Last quarter need pay RM426mil, now only need to pay RM406mil, immediately cost saving 20mil in one quarter. Why want to sell cheap?

Posted by Vision48 > 2017-12-05 10:34 | Report Abuse

Agree with aslm, I am in red, but I still believe in this stock's fundamental

Posted by Crazyrenoma > 2017-12-05 10:36 | Report Abuse

Dylan Yong Hua Tai 1.35....T_T.... crazyrenoma sifu...where are you?

Here i'm :)

Happy trading. Wohohohohohohohoh. Black friday /12.12 revolution/ christmas all kena pakai duit 1 leh... 2018 will be a good start.

Posted by titus > 2017-12-05 10:40 | Report Abuse

wah lau eh....ang ang now....

Posted by titus > 2017-12-05 10:42 | Report Abuse

friend text me and say hs sifu master O ask add position kau kau..... I told him i wrong timing and added yesterday....now broke a'dy. Can see cannot eat.....lol....

Posted by Vision48 > 2017-12-05 10:44 | Report Abuse

Hahaha Titus, we both added ytd, now really broke, should have sold off earlier and buy again now

Posted by aslm > 2017-12-05 10:44 | Report Abuse

only PE6. topup more.

Posted by WaAdaLui > 2017-12-05 10:47 | Report Abuse

Just to remind that Private Placement price below 1.20 lo. Big Gun unloading for profit !!!!!!!

Posted by aslm > 2017-12-05 10:49 | Report Abuse

technically just close the gap. nothing to worry. will rebound tomorrow. one of the best stock in import theme
..

Posted by deddymines > 2017-12-05 10:54 | Report Abuse

Keeping cash. Coming back when technicals are better

Posted by ttluck > 2017-12-05 10:57 | Report Abuse

add more....no choice but to average down....